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Bank of America profit falls on lower customer interest payments
Source: Buzz FX / 16 Apr 2024 06:07:18 America/Chicago
(Reuters) - Bank of America's profit fell on Tuesday as the lender earned less from customer interest payments. BofA's net interest income (NII) — the difference between what it earns on loans and pays for deposits — slid 3% to $14 billion.
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